From USA TODAY / AP:
U.S. factory output surged in December by the most in any month in 2011, offering the most visible evidence yet that manufacturing is roaring back from the recession’s depths even as declining prices at the wholesale level shows inflation remains in check, according to two reports out Wednesday.
Industrial output is now less than 5% below its pre-recession peak, reached in September 2007. It has increased more than 14% since hitting a recession low in June 2009.
Meanwhile, wholesale prices fell last month because companies paid less for food and energy, evidence that inflation remains tame…
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